Lotus to announce big title sponsorship deal 11 December, 2012 Dec.10 (GMM) F1 team Lotus is reportedly close to announcing a multi-million dollar title sponsorship deal with Honeywell, the American technology giant. “It is thought the framework of the agreement is in place and a formal announcement pending,” said Sportspro journalist David Cushnan on Monday. The news follows Lotus’ recent signing of a sponsor deal with Burn, the European energy drink label of the American beverage giant Coca-Cola. After a five year absence, the United States returned to the F1 calendar this year with a highly successful race on a bespoke circuit in Austin, Texas. Citing ‘informed insiders’, Cushnan said the Honeywell deal could be worth $30 million per year to Lotus. The Enstone based team’s driver Kimi Raikkonen finished the 2012 world championship in third place behind Sebastian Vettel and Fernando Alonso. Subbed by AJN. Tweet Related NewsMaldonado: It should be better at Singapore for usGrosjean: We head to Singapore with renewed confidenceLotus: Monza has been a difficult venue for usLotus: The race will be a challengeLotus at Monza is worst car complains GrosjeanLotus: There is more to come from the E22Maldonado: Big challenge at Monza will be the power issueGrosjean: Monza will be tough for usMaldonado: I am suffering but no point to be sadLotus in three race deal with Hisense Bassie That would be enormous! 30ml deal, + coca cola on top of that.. that would make em a srious contender for racewins in 2013, and i think will also boost their possibilities to snatch the WCC in 2014.